Commerzbank Germany

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Created before Nov 2016 Last update: Aug 30 2021

About Commerzbank Commerzbank AG, established in 1870, is Germany's second largest bank, and headquartered in Frankfurt am Main. Next to a large presence in the German banking market, Commerzbank has numerous branch offices throughout Europe. The bank's activities focus on: private customers, bank services for small business, Corporates & Markets, and Central & Eastern Europe.

[In 2009 Dresdner Bank merged with Commerzbank AG. All 'dodgy deals' related to Dresdner Bank are now linked to the Commerzbank profile. The deals related to Dresdner Bank are indicated as such].

Website https://www.commerzbank.com/

Headquarters Kaiserplatz 60261 Frankfurt am Main Germany

CEO/chair Manfred Knof Chairman

Supervisor Bundesbank

Annual Annual report 2020 reports CSR Report 2020

Ownership listed on Frankfurt Stock Exchange Commerzbank's major shareholder is the German state (> 15%). The bank's complete shareholder structure can be accessed here.

Complaints Individuals and communities who may be adversely affected by Commerzbank’s finance can raise a complaint to the bank via branches, telephone, website or email, according to the banks Position on Human Rights. The bank can be contacted at and [email protected]. grievances Stakeholders may also raise complaints via the OECD National Contact Points (see OECD Watch guidance).

Sustainability

Voluntary initiatives Commerzbank has committed itself to the following voluntary standards: Klimaschutz-Selbstverpflichtung des Finanzsektors Carbon Disclosure Project Forest Stewardship Council- 10 Principles of Forest Stewardship German Sustainability Code Global Reporting Initiative Green Bond Principles Net-Zero Banking Alliance (NZBA) Principles for Responsible Banking (PRB) Roundtable on Sustainable Palm Oil (RSPO) Science Based Targets United Nations Global Compact Wolfsberg Principles

Investment policies Commerzbank's positions and policies webpage can be accessed here. The bank's webpage on corporate social responsibility can be seen here. Policy framework for handling environmental and social risks in its core business Aug 27 2021 | Commerzbank

Positions and Policies Aug 27 2021 | Commerzbank

Position on climate change Date listed represents date as accessed on website Apr 6 2020 | Commerzbank

Policy framework for handling environmental and social risks in its core business Feb 29 2020 | Commerzbank

Position on human rights Dec 9 2019 | Commerzbank

Standard for sustainable procurement Dec 15 2018 | Commerzbank

Code of conduct Nov 30 2017 | Commerzbank

UK Modern slavery act statement Apr 11 2017 | Commerzbank

Updated position on coal Jul 22 2016 | Commerzbank

Environmental policy Oct 13 2015 | Commerzbank

BankTrack campaigns and Commerzbank

Human rights

True leader BankTrack has assessed Commerzbank on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. Commerzbank is assessed as a Follower, with a total score of 4.5/12. Front runner Policy: 2/3 Due dilligence: 1.5/3 Reporting: 1/3 Remedy: 0/3 Follower For more details, see Banking with Principles? 2016 update. Laggard Good moves

2006

German banks withdraw from Belene following Urgewald pressure In the fall of 2006, Deutsche Bank, HypoVereinsbank and Commerzbank withdrew from the Belene nuclear power project, sited in an earthquake area in Northern Bulgaria. Through media work, postcards and e-mails, visits at the banks' AGMs, an international protest day and a protest week in 60 German cities, the banks were…

Related Dodgy Deals

Commerzbank has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Projects Emba Hunutlu coal power plant Turkey active Coal Electric Power Generation

Mountain top removal coal mining United States on record Coal Mining

Toka Tindung gold mine Indonesia on record Mining

Medupi coal power plant South Africa on record Coal Electric Power Generation

Great Barrier Reef Coal & Gas Exports Australia on record Coal Mining | Fossil Fuels Bulk Stations and Terminals | Oil and Gas Extraction

Solwara 1 Deep Sea Mining Project Papua New Guinea on record Mining

Companies

EDF France active Biomass Electric Power Generation | Hydroelectric Power Generation | Nuclear Electric Power Generation | Solar Electric Power Generation | Wind Electric Power Generation

Polska Grupa Energetyczna (PGE) Poland active Biomass Electric Power Generation | Coal Electric Power Generation | Coal Mining | Nuclear Electric Power Generation

Navigator Company Portugal active Pulp, Paper and Paperboard Mills

UPM-Kymmene Finland active Pulp, Paper and Paperboard Mills

Rio Tinto Australia on record Coal Mining | Mining | Nuclear Electric Power Generation

Eskom South Africa on record Coal Electric Power Generation | Nuclear Electric Power Generation

BHP Billiton Australia on record Coal Mining | Mining | Oil and Gas Extraction

ENGIE France on record Coal Electric Power Generation | Hydroelectric Power Generation

Alliant Techsystems United States on record Arms Industry and Trade Anglo American United Kingdom on record Coal Mining | Mining

Glencore Switzerland on record Coal Mining

Bunge United States on record Agriculture for Food Crops | Agriculture for Palm Oil

EPH Czech Republic on record Coal Electric Power Generation | Coal Mining | Hydroelectric Power Generation | Nuclear Electric Power Generation

BAE Systems United Kingdom on record Arms Industry and Trade